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Adani Wilmar Limited
(AWL)
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Rating:60Neutral
Price Target:
₹173.00
▼(-25.01% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by improving financial performance (stronger cash generation and recovery in 2025–2026) but constrained by historical volatility, thin margins, and higher debt in 2026. Technicals are mixed with only modest momentum and a still-weaker long-term trend, while valuation is reasonable but not strongly supported by income given the low dividend yield.
Positive Factors
Revenue Growth
AWL has demonstrated meaningful top-line expansion, supported by its edible-oil and packaged-food operations. Continued revenue growth can broaden distribution scale, improve operating leverage, and strengthen the company’s ability to invest in brands and processing capacity over the next several quarters.
Negative Factors
Higher Debt
The sharp increase in total debt raises financial risk even as equity and the asset base have grown. Higher leverage can absorb more cash through financing obligations, reduce flexibility for growth investment, and make the company more sensitive to fluctuations in operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
AWL has demonstrated meaningful top-line expansion, supported by its edible-oil and packaged-food operations. Continued revenue growth can broaden distribution scale, improve operating leverage, and strengthen the company’s ability to invest in brands and processing capacity over the next several quarters.
Read all positive factors
Adani Wilmar Limited (AWL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹213.60B
Dividend Yield0.61%
Average Volume (3M)220.10K
Price to Earnings (P/E)18.4
Beta (1Y)0.84
Revenue Growth18.01%
EPS Growth6.60%
CountryIN
Employees2,881
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)8.94
Shares Outstanding1,299,678,600
10 Day Avg. Volume265,029
30 Day Avg. Volume220,102
Financial Highlights & Ratios
PEG Ratio-1.50
Price to Book (P/B)2.20
Price to Sales (P/S)0.31
P/FCF Ratio13.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)9.51
Revenue Forecast (FY)₹851.42B
Adani Wilmar Limited Business Overview & Revenue Model
Company Description
AWL Agri Business Ltd. primarily operates in the provision of edible oils, vanaspati, and various specialty fats. The company's extensive product portfolio also encompasses a range of food staples, including packed basmati rice, diverse pulses, so...
How the Company Makes Money
AWL primarily makes money by selling edible oils and related food products under its brands and through business-to-business (B2B) channels. Its revenue model is largely volume-driven and built around (1) branded consumer sales: selling packaged e...
Adani Wilmar Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 777.20B | 747.31B | 636.72B | 512.25B | 581.85B | 541.87B |
| Gross Profit | 72.50B | 66.98B | 74.73B | 58.85B | 52.44B | 53.66B |
| EBITDA | 27.35B | 25.77B | 24.99B | 11.45B | 11.47B | 18.76B |
| Net Income | 11.56B | 10.42B | 12.25B | 1.48B | 5.82B | 8.04B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 247.59B | 224.38B | 198.07B | 209.80B | 213.17B |
| Cash, Cash Equivalents and Short-Term Investments | 23.33B | 23.73B | 12.35B | 14.72B | 23.82B | 25.95B |
| Total Debt | 0.00 | 81.23B | 19.37B | 68.08B | 23.96B | 27.01B |
| Total Liabilities | -104.44B | 143.15B | 130.14B | 114.91B | 128.14B | 137.11B |
| Stockholders Equity | 104.44B | 104.41B | 94.24B | 83.16B | 81.66B | 76.06B |
Cash Flow | ||||||
| Free Cash Flow | 9.40B | 16.59B | 11.54B | -6.43B | -159.50M | 6.24B |
| Operating Cash Flow | 13.77B | 24.92B | 21.50B | 2.89B | 6.63B | 11.60B |
| Investing Cash Flow | -2.20B | -11.90B | -2.70B | 1.42B | 5.33B | -38.61B |
| Financing Cash Flow | -11.33B | -11.28B | -15.44B | -5.63B | -9.19B | 26.58B |
Adani Wilmar Limited Technical Analysis
Negative
230.70
Price Trends
184.42
Negative
186.70
Negative
190.91
Negative
Market Momentum
-4.79
Positive
30.56
Neutral
14.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AWL, the sentiment is Negative. The current price of 230.7 is above the 20-day moving average (MA) of 178.94, above the 50-day MA of 184.42, and above the 200-day MA of 190.91, indicating a bearish trend. The MACD of -4.79 indicates Positive momentum. The RSI at 30.56 is Neutral, neither overbought nor oversold. The STOCH value of 14.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AWL.
Adani Wilmar Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹78.94B | 10.42 | ― | 1.31% | 0.51% | 40.39% | |
73 Outperform | ₹63.44B | 15.05 | ― | ― | 21.04% | 59.07% | |
64 Neutral | ₹1.01T | 59.71 | ― | 0.98% | 14.68% | 24.77% | |
60 Neutral | ₹213.60B | 18.45 | ― | 0.61% | 18.01% | 6.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹399.96B | 20.14 | ― | 1.76% | 19.32% | 61.42% | |
53 Neutral | ₹3.43B | 16.39 | ― | 0.26% | 15.39% | 27.60% |
* General Sector Average
IN:AWL
Adani Wilmar Limited
164.35
-108.82
-39.84%
IN:GOKUL
Gokul Refoils & Solvent Ltd.
34.61
-6.09
-14.96%
IN:GOKULAGRO
Gokul Agro Resources Ltd.
215.00
43.45
25.33%
IN:KRBL
KRBL Limited
344.90
-24.16
-6.55%
IN:PATANJALI
Patanjali Foods Limited
367.60
-227.02
-38.18%
IN:TATACONSUM
Tata Consumer Products Limited
1,024.80
-130.53
-11.30%
Adani Wilmar Limited Corporate Events
AWL Agri Business posts Q2 FY27 results, shares analyst call recording
Oct 27, 2026
AWL Agri Business Limited, formerly Adani Wilmar Limited, is a leading Indian agri-business and packaged food company best known for its Fortune-branded edible oils and staple foods. Headquartered in Ahmedabad and listed on both BSE and NSE, it op...
AWL Agri Business posts strong Q2 growth on food and FMCG surge
Oct 5, 2026
AWL Agri Business reported robust preliminary performance for the quarter ended September 30, 2026, with overall volumes up 12% year-on-year and revenue rising 24%. Growth was driven primarily by the Food FMCG portfolio and Industry Essentials, w...
AWL Agri Business settles SEBI compliance proceedings with no material financial impact
Sep 22, 2026
AWL Agri Business Limited has disclosed that the Securities and Exchange Board of India has passed a settlement order on a settlement application filed by the company under SEBI’s Settlement Proceedings Regulations, 2018. The application rel...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.